I appreciate your thoughts.
When you state " Usually you will find somewhere a clause saying what income or principal the trustee may (or must) distribute. That is the clause to look for"
There is another clause in the trust document stating the following:
"THE TRUSTEE: Shall determine what shall belong and be chargeable to principle and what shall belong and be chargeable to income and in making that determination , the trustee may employ a accountant on his/ her opinion to amortize or refrain from amortizing bond premiums"
With the above said
1) Is this language , possibly language in the trust you meant I should look for?
2) If so and regardless, does this additional trust clause in your opinion, help better confirm my initial question, again being do I as trustee have the right to make distributions of commercial rental income the trust produces to beneficiaries to avoid the trust paying high estate taxes on that income (which FYI would be in equal amounts to all beneficiaries)?
Please let me know.
Thank you
